Milacron completes $975M purchase of Canadian firm

8:53 AM,
Apr. 2, 2013

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Cincinnati-based Milacron LLC said it has completed the purchase of a Canadian firm that produces equipment used in plastic injection molding.

Milacron also said the $975 million deal boosts the company's position in the plastics processing sector by expanding the range of equipment, technology and services it provides around the world. The deal was announced Feb. 12 and closed March 28.

With the backing of private equity firm CCMP Capital Advisors' affiliates, Milacron acquired all of Mold-Masters' shares. Mold-Masters is based in the Toronto metropolitan area. ...